Singapore Competitive Regulation for Glorious Economy Su-Chiu Liu

Singapore Competitive Regulation for Glorious Economy Su-Chiu Liu Stanley Chou Deh-Juan Wu Min-Hui Lin

Introduction • Singapore is an island nation located in Southeast Asia with poor natural resources. • Singapore's independence from Malaysia in 1965. – Since then it has had a massive increase in wealth, and is one of the Four Asian Tigers. • The World Bank notes Singapore as the easiest place in the world to do business. • A world leader in several areas • A multi-cultural and multi-ethnic country.

Global Competitiveness Index 2011 -2012 rankings 　 　 GCI 2011 -2012 GCI 2010 -2011 Country/Economy Rank Score Rank Change Switzerland Singapore Sweden Finland United States Germany Netherlands Denmark Japan United Kingdom Hong Kong SAR Canada Taiwan Qatar Belgium www. weforum. org/gcr 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 5. 74 5. 63 5. 61 5. 47 5. 43 5. 41 5. 40 5. 39 5. 36 5. 33 5. 26 5. 24 5. 20 1 3 2 7 4 5 8 9 6 12 11 10 13 17 19 0 1 -1 3 -1 -1 1 1 -3 2 0 -2 0 3 4

Relation between Politics and Regulation • The president can examine the government's exercise and investigate any cases of corruption. • Singapore’s political structure is centralized authoritarian. • Singapore government possess the right to do anything because of regulations. • The judiciary is independent of the executive and the legislature.

Economy and Regulation Goal / Impact Reduce tax rates Regulate tax regulation and policy to appropriate with global economic situations Open immigration policy Offers corporations the opportunity to find the best staffs from worldwide Decline tariff and non-tariff barriers FTAs are the major factors to attract FDI Optimize investment laws They are effortless foreign investors to start business Protect intellectual property It has a robust regulation to defend proprietary innovation and knowledge Infrastructure The Singapore Economic Development Board (EDB) plan and promote vast cases of infrastructure competent and sufficient for FDI

SWOT Analysis of Singapore Regulation Strength • High quality, stable and efficient government • Well-educated labors and human resources • High-skilled workforces • Structured regulation • Comprehensive infrastructure Opportunity Weakness • Small island with limited resources • One democracy party politics • Limited freedom of speech • Over depended on the import and export Threat • Utilize FDI to attract foreign • World economic recession companies such as low tax rate • Port may be replaced by other and minimum tariff and non-tariff city and port, eg. China barriers • Relation with neighbor country, • A strong supporter of the ASEAN eg. Malaysia free trade area

Conclusion • Singapore is a country with regulations and national competitiveness. – Regulation is necessary for national competitiveness. And the regulations must be GOOD regulations. (Charles-Henri MONTIN, 10. 03. 2011) • Suggestions for Taiwan – Singapore language education is more internationalized. – In politics, Singapore government is more efficient and stable than Taiwan. – Comprehensive Infrastructure and transportation system.

Thank you